Real Estate Market Report for Addison, Texas: February 2019
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 24, up from 22 last month. Inventory is still low! Currently for sale, there are:
- 10 single family homes (ranging in price from $340,000 - $1,495,000)
- No half-duplexes
- 12 condos ($155,000 – $514,900)
- 2 townhomes ($439,000 - $485,000)
Fourteen of the 24 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market corrects.
The average number of days on the market for the “active” status, pre-owned homes is 57 days as compared to 83 last month). The median number of days on the market is 36 days, compared to last month’s 87 days.
New listings in February
Eleven homes came on the market in Addison, TX in February 2019, the same as the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
3/1/19 Status |
CONDOS |
|
|
|
|
|
Aventura |
Addison Circle |
2/2/2 |
1816 |
$345,000 |
Active |
Meridian Square |
Meridian Ln. |
2/2/2 |
1560 |
$334,900 |
Active |
Meridian Square |
Meridian Ln. |
2/1.2/2 |
1966 |
$425,000 |
Active |
Townhomes of District A |
Quorum Dr. |
2/2.1/2 |
1845 |
$320,000 |
Active |
Valley of Bent Tree |
Ledgemont Ln. |
1/1/0 |
746 |
$135,000 |
Option |
HALF DUPLEXES |
|
|
|
|
|
None This Month |
|
|
|
|
|
TOWNHOUSES |
|
|
|
|
|
Meridian Square |
Calloway |
3/3.1/2 |
2126 |
$485,000 |
Active |
SINGLE FAMILY HOMES |
|
|
|
|
|
Bellbrook Estates |
Bellbrook |
5/5.2/3 |
6039 |
$1,495,000 |
Active |
Midway Meadows |
Le Grande Dr. |
4/2/2 |
1984 |
$354,900 |
Active |
Waterford |
Azure Ln. |
3/2/2 |
1640 |
$340,000 |
Active |
Waterford |
Azure |
3/2.1/2 |
2797 |
$430,000 |
Active |
Waterview Estates |
Waterview |
3/2.1/2 |
1977 |
$369,000 |
Active |
Search for Addison real estate:
If you are looking for an Addison home, use the following link to see what’s available now. Once you've done your online search, give me a call to discuss the purchasing process and buyer representation. You're on your way to owning an Addison home.
Search Addison Homes for Sale (after clicking, scroll down for results)
Properties Scheduled to Close
There are 7 sales in the pending status (waiting to close), as compared to 8 last month.
February Sales
Nine Addison homes sold/closed in February; 8 closed the prior month. The median number of days on the market was 50 days, and last month the median was 40. The average number of days on the market was 82 days. The range in February for the previously owned homes was 3 days to 256 days. The average price per square foot of all previously owned homes that sold is $163.96, down from the $172.38 average the prior month. The average list price to sold price ratio is 97.57%, a decrease from last month’s 96.62%. This means there are price reductions and accepted offers below full price.
It’s always a GREAT time to buy or sell a home in Addison!
Considering selling your Addison house? Contact me to discuss the selling and marketing process.
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